Fair Rate Funding Offers Alabama (AL) Lawsuit Loans.
Alabama plaintiffs can file lawsuits for a variety of reasons. Alabama lawsuits loans are financial transactions which seek to bridge the gap between filing and settlement. AL lawsuit loans offer immediate cash to plaintiffs to meet their everyday needs. Fair Rate Funding offers plaintiffs financial flexibility to refuse low-ball settlement offers and hold out for just compensation.
What Delays Personal Injury Cases?
The time it takes to settle an Alabama lawsuit depends on a multitude of factors, such as:
- The county where the lawsuit was filed
- The experience of the attorney and his/her relationship with the defendant and/or his/her insurance carrier
- The extent of the medical treatment
- The number of defendants
- The number of plaintiffs
- And more . . .
Although each lawsuit is unique, once retained, Alabama personal injury lawyers immediately begin compiling necessary medical records, evidence of liability, and other documents. He/she must also ascertain any available insurance coverage and reach out to the insurance company to inform them of the potential claim. Most of the time, these tasks go on “behind the scenes” while the plaintiff obtains treatment for his/her injuries.
However, plaintiffs are sometimes unable to earn the same amount of money as before their accident because of their injuries. Expenses still must be paid however, so plaintiffs sometimes find themselves strapped for cash. Fair Rate Funding can help.
Alabama plaintiffs can contract with lawsuit “lenders” who provide Alabama lawsuit funding for plaintiffs who need cash now, before their case settles. If you live in Alabama and are involved in a personal injury lawsuit in Alabama, you may qualify for lawsuit funding.
What are Alabama Lawsuit Loans (Lawsuit Funding)?
Lawsuit Funding, also known as lawsuit loans or settlement loans, are financial transactions where a plaintiff sells a portion of the future proceeds of a lawsuit in exchange for an immediate sum of cash. Fair Rate Funding specializes in Alabama lawsuit funding for personal injury plaintiffs.
Are Lawsuit Loans Different from Traditional Loans?
Traditional loans may be secured by collateral or unsecured (such as with credit cards). The idea behind collateral is that if the borrower stops paying, the lender can repossess the property and sell it to help pay off the balance. Although unsecured debt does not attach to collateral, lenders are willing to loan at a higher rate.
In either case, traditional loans imply the amount borrowed (principal) and the interest must be repaid at some point.
The major difference between loans and lawsuit loans is that repayment of a lawsuit loan is entirely dependent upon whether the plaintiff wins the case. If the case is lost, the lawsuit loan is not repaid. This one fact alone makes a lawsuit “loan” not actually a loan at all.
If You Have Any Questions, Call 888-964-2224
Your Choice for Alabama Lawsuit Loans
We know you have a choice of lawsuit settlement funding companies and are happy to assist you. Once you apply or call, we will contact you immediately and begin the process. You can then relax and allow Fair Rate Funding to work for you.
In addition to Alabama lawsuit loans, Fair Rate Funding provides lawsuit funding services in the following states:
Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Maine, Massachusetts, Michigan, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Utah, Vermont, Virginia, Washington, Wyoming and the District of Columbia.
Fair Rate Funding services the entire state of Alabama including the towns and cities of:
- Gulf Shores
- Orange Beach
- Fort Payne
- and others.
Fair Rate Funding also provides Alabama lawsuit loans in every county including:
- Jefferson County
- Mobile County
- Madison County
- Montgomery County
- Shelby County
- and other surrounding counties.
Thank you for choosing Fair Rate Funding for Alabama Lawsuit Funding.